Azerbaijan-U.S. trade more than doubles to $296.2m in first quarter of 2026
Trade between Azerbaijan and the U.S. reached $296.2 million in the first quarter of 2026, more than doubling compare...
Canada has initiated a formal dispute complaint against the United States at the World Trade Organization (WTO) over its imposition of import duties on certain steel and aluminium products from Canada.
The trade body which revealed this on Thursday also said that the request was circulated to its members.
Under the dispute settlement understanding - a legal text which outlines various processes of settling trade disputes at the WTO, “the consultations allow parties involved to clarify the facts of the matter and claims of the claimant.
“It also serves to either lay the foundation for a settlement or for further proceedings”
Canada claims that the recent measures which terminate Canada’s exemption from additional duties on steel and aluminum products are inconsistent with US obligations under the General Agreement on Tariffs and Trade (GATT) 1994.
This comes a day after it imposed a 25% tit for tat tariff on US goods including steel, computers and sports equipment.
U.S. President Donald Trump, speaking to reporters in the Oval Office on Thursday, suggested he was not going to change his mind on tariffs.
"We've been ripped off for years and we're not going to be ripped off anymore. I'm not going to bend at all, aluminium or steel or cars," he said.
He also threatened the EU with a 200% tariff hike on wine exports if it doesn’t remove its tariff increase on American whiskey products in an escalation of ongoing tariff tit for tat.
The European Union is yet to react to President Trump’s latest tariff threat as the possibility of a global trade war continues to agitate financial markets and raise fears of economic recession.
Meanwhile G7 ministers meeting in Canada have called for a de-escalation of an impending trade war saying that “a trade war is not convenient for anyone”.
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers warning they may strike over a lack of preparation and resources.
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Azerbaijan and Russia have announced a formal settlement over the 2024 crash of an Azerbaijan Airlines (AZAL) Embraer 190 near Aktau, confirming that all outstanding issues, including compensation, have been resolved.
Türkiye is reeling after a second school shooting in as many days, after a 14-year-old student killed nine people - eight pupils and one teacher - and wounded 13 others at a middle school in the south-eastern province of Kahramanmaraş on Wednesday, officials said.
Pope Leo XIV arrived in Cameroon on Wednesday to an outpouring of joy, marking the start of an emotional visit for the country’s Catholic faithful.
Germany’s opposition party, The Left, on Thursday accused Chancellor Friedrich Merz’s government of fuelling the war in Iran by exporting arms to Israel, as new figures revealed millions of euros in approved military sales.
The U.S. Senate on Wednesday rejected two legislative resolutions aimed at stopping the sale of heavy bombs and military bulldozers to Israel.
A federal judge has dismissed a high-profile lawsuit brought by the Trump administration that sought to pre-emptively stop the state of Hawaii from suing major fossil fuel companies over the local impacts of climate change.
A major fire at the Geelong oil refinery near Melbourne in Australia on Wednesday 15 April was extinguished on Thursday lunchtime officials said. It's one of Australia's largest and critical plant's. Authorities said it is still producing jet fuel and diesel but at reduced levels.
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